Donate Commercial Real Estate And Get Tax Deduction
It commonplace to donate cash, clothing or other household goods to charitable organizations. It is not so common to donate commercial real estate . Real Estate owners may decide to donate their property to a charity for a variety of reasons ; the donation process for commercial real estate can be easier with the help of the Giving Center . When you are deciding which charity you would like to donate real estate to, remember you may only collect tax benefits with an IRS approved nonprofit charity. Although you can give your property to any charity you wish, you can only deduct the donation if it is made to a charity recognized by the Internal Revenue Service. Giving Center is an IRS certified 501(c)3 nonprofit charity . That means you can donate real estate to Giving Center and not have any capital gains exposure because you are donating — not selling — the property. Keep in mind the size of your tax deduction is determined by the c...